Jaime Sturgis & Alex Jones Acquire Retail Property On E Sunrise Blvd In Fort Lauderdale For $2.47M
SOLD
$2,469,770
Florida
See Similar DealsRetail8,434 SF
Sold 01/19/2022
SOLD
Jaime Sturgis & Alex Jones Acquire Retail Property On E Sunrise Blvd In Fort Lauderdale For $2.47M
1914 East Sunrise Boulevard, Fort Lauderdale, Florida 33304, United States
See Similar DealsRetail8,434 SF
Sold 01/19/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$292
Total Square Footage:8,434 SF
Transaction Type:Sale
A retail property located at 1900-1914 E Sunrise Blvd in Fort Lauderdale, FL has been sold for a price of $2,469,770. The property spans a total area of 8,434 square feet, resulting in a price per square foot of $292.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,469,770
- Address: 1900-1914 E Sunrise Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Jaime Sturgis & Alex Jones
- Seller: Michael P Korotkin & Mark Sherman & Lillian Horowitz
- Square Footage: 8,434
- Price per Square Foot: $292
Jaime Sturgis and Alex Jones were the buyers in this transaction, while Michael P Korotkin, Mark Sherman, and Lillian Horowitz were the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$131,721.07
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,774.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,707.97
Annual Debt Service$140,495.64
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